India's Ujjivan Small Finance Bank rises 5% on block deal

Ujjivan Small Finance Bank

03/04/2023 10:19

** Shares of Ujjivan Small Finance Bank Ltd  UJJI.NS  rise
as much as 5.2% to 26.55 rupees, highest since March 10
    ** Over 602,500 shares of UJJI change hands in a block at
26.30 rupees apiece
    ** Stock on track to end higher for second consecutive
session, if trends hold
    ** Stock trading above 200-day simple moving average,
remains below 50- and 100-day averages
    ** Moving average convergence divergence (MACD) line is over
the signal line, suggesting bullish bias
    ** About 6.9 mln shares change hands by 2:40 p.m. IST, 1.2x
the 30-day avg of 5.7 mln shares - Refinitiv data
    ** Of the 12 analysts covering the stock, 11 have a 'buy' or
'strong buy' rating, while one has 'hold;' median PT is 35.5
rupees 
    ** Stock down ~13% so far this year, as of last close


 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))